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Search Results 65 to 101 of about 133 (some duplicates have been removed)
or so. the president has too deal with the debt ceiling. he wants to pass major immigration reform. >> absolutely. >> chris: do something about climate change. has he told you how much political capital he is willing to spend on what is going to be a very tough fight? >> i think that the president has demonstrated tremendous leadership on this issue. i think the country rallied around him and h his leadership because he really was a voice for the parents who lost a child. >> chris: has he told you how much -- >> and i see from his actions and we hear from the white house and we hear from the vice president that they are going to lay down political capital on the issue and i think the one thing i would say to those people like larry and others who said we can't do anything about these issues is that whether it comes from the background checks or dealing with high capacity magazines which was the issue in newtown we can take action and to say that we should do nothing really doesn't respond to those parents in newtown who lost children in this horrible tragedy. >> chris: thank you bo
figure in if he is nominated? >> i think the president is nominating him for the debt ceiling, entitlement and tax reform debates. this is exactly why jack lew is being capped. cheryl: jack lew has come out in the past and spoken publicly about debt reduction. that does not seem like something the president wants to address. he will be looking for more revenue to address the debt ceiling. can he effectively as a guest to his boss while managing the expectations of republicans? >> that is one of the fundamental problems here. i am not saying it is unimportant, but it is of secondary importance of who is president. he is not an independent actor. he put a deal for that was laughable. i think geithner was never given the room to negotiate beyond that. to me, the question is, if jack lew had the authority to negotiate issues, that is a second thing. if the president sent them off with no ability to negotiate and the president starts with we do not have a spending problem and it is all revenue, then jack lew is doomed from the very beginning. cheryl: we will be watching every step
minority leader came up with mitch mcconnell came up during the last debt ceiling crisis. give the president the authority to lift the debt ceiling but give congress the ability to reject the lifting of the debt ceiling but it requires them to vote to override the rejection and then if the president vetoes the rejection, they would have to have a two-thirds majority to override the president's override. the president today -- i should say during the fiscal cliff negotiations, the mcconnell provision fell by the wayside, but today at the press conference the president said several times -- >> give it to me. give me the responsibility and i will take it. . >> in the way mcconnell proposed. >> professor shrum, colin powell called out the gop's tactics on sunday. i'd like you to take a listen to colin powell. >> but in recent years there's been a significant shift to the right, and we have seen what that shift has produced, two losing presidential campaigns. >> professor shrum, this is your business. this is your profession. why is it so difficult for the gop to understand that the
. will it be the postponement or the sequestration cuts? will be the debt ceiling which might come at the very same moment? >> as they stumble around, there is an evil force that nobody seems to want to understand but the money guys. that is the markets will get tired of all the fun and games and all the funny loose talks. neil: they haven't gotten tired of it yet. >> the real point is that that kind of stuff, it can happen in two years and two months or two days, and that is when the markets headed. inflation will go up, interest rates will go up, and we won't disappear. but we won't be number one. and then they will say, who did this? and they will look around and find a jerk in their district would not cut a nickel or raise the tax and they said, you led us to this and url. that's your only hope for democracy right now. neil: we are still waiting and hoping. he met cross your fingers. i know you will. >> okay, pal, take care. [laughter] neil: you are the best. alan simpson. we will leave it at that. coming up next, the health care law. workers are feeling jerked around. one worker is here to explain ne
that we can hope for at this point. you say, that the debt ceiling itself shouldn't be something that we are negotiating over right now but right now there are some very real things that they can hold out to try to get the proposals, the republicans can. >> absolutely. let's talk about what the debt ceiling is. the debt ceiling, we're the only country on ert with a debt ceiling. there are other countries that have controls, including debt-to-gdp. debt as a percentage of the economy requirement but we're the only one that has a debt ceiling. the debt ceiling is really dealing with, you know, hows that have already been passed, apropose riegss that have already been made, ultimately what we need to do is achieve a grand bargain where we get rid of the debt ceiling. we substitute statutory budget controls and i would argue a constitutional debt as a percentage of the economy limit. >> saying you could never go beyond -- >> that's right. >> what percent would that be? >> 120% of gdp, 100%. public debt we're about 75. total debt we're over 100 already. so depends on how you want to count it.
are considering doing as part of these upcoming negotiations on the debt ceiling is requiring the senate to pass a budget, something that as you point out they haven't done for three years in order to have any consideration of a debt ceiling hike. i mean one would think that you won't have to put those kind of strict you ares on the senate in order to get it to do its job. it is the case that senate democrats in particular have sought to avoid any kind of restraint on spending, including the restraints that are incumbent on the body itself by just passing a budget. jon: when president obama, you know, directs his criticism at congress it always seems to be directed at the house of representatives and speaker john boehner, as if the democrats on capitol hill have nothing to do with the logjam. >> yeah, i think that's right. i think that is one of the key points in this whole broad discussion of government spending. people forget that president obama came to office, i mean there was a debate in august of 2008, a presidential debate in which president obama vowed to fix entitlement spending in his
, tightening the belt. something we're talking about in this country as we face the debt ceiling debacle, and in europe, that's causing a rise in unemployment. something economists are watching closely. earnings season will kick off here in the next couple of days. alcoa, the first big one, monsan monsanto. i'm listening to big commeecome. speaking of the debt ceiling, bipartisan policy center says we'll hit the "x" date maybe as early as february 15th. if you don't raise the debt ceiling, the u.s. can't pay all of its bills. a chaotic situation, a real problem. if we hit it then, we'd see $9 billion coming in on revenue, cash flow. that's on the left side. and to pay our bills, we have $52 billion due on committed spending the same day. that's a $43 billion deficit. with interest on the debt, urs refunds, federal salaries, military active pay, entitlement programs on the right side, so a big imbalance that will be bag problem and cause chaos in government and politics. i want to talk quickly about a big bank foreclosure. regulators have squeezed $19 billion over the major banks over the
on that. but if he could make a quick deal, on the debt ceiling and on the sequester, that would be enough. he would establish his bona fides very quickly with wall street if something positive could happen relatively soon on that front. >> let me just establish here, i'm not sure abraham lincoln could make a quick deal on the debt ceiling. >> on that note, here is the president. >> good afternoon, everybody. please have a seat. a little more than four years ago, i stood with mr. tim geithner and announced him as my first nominee to my cabinet. we were barely two months into the financial crisis. the stock marketed cratered. the housing marketed cratered as well. bank after bank was on the verge of collapse. and worst of all, more than 800,000 americans would lose their jobs in just that month. and the bottom was not yet in sight. so i couldn't blame tim when he tried to tell me he wasn't the right guy for the job. but i knew that tim's extensive experience with economic policy made him imminently qualified. and i also knew he could hit the ground running. as chairman of the new york feder
people have. they wanted to raise that debt ceiling because, after sandy, as after katrina, the flood relief program was in deficit. this is not something that involves fraud, waste or abuse. >> clarence thank you for being here tonight. >> always a pleasure. >> we'll be right back. stay with us. the truth about mascara is... it clumps. introducing a revolutionary new mascara. clump crusher...crusher. 200% more volume. zero clumps. new clump crusher from easy, breezy, beautiful covergirl. but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating
leaders of this country who are saying, you have to raise that debt ceiling. >> a little hypocritical. these business leaders of the same ones to say we have to do something about our enormous debt, and what will cause a wire to our nation's finances continuing to go around borrowing a trillion dollars year after year after year. the phony issue, people are saying if we don't pass the debt ceiling it's a default. that is off the table. the constitution prevents a default on the national debt. revenues come in even after we pass -- you know, past the date which we have not passed the debt ceiling. what it means is it is more like a government shut down, not a default on debt. and shame on the media and people. gerri: there are other things that are bad that may happen like a sell-off in the stock market. the last time we tested this result of 2,000 points in the stock market, and i think that is what they are reacting to. they don't want to see that happen again, and they don't want to see executive to five executives across the country tie up the purse strings. i think they have pract
that flow from that. as you know, after the debt ceiling was resolved in the summer of 2011, america's credit rating was downgraded. johningler was the republican governor of michigan and said the following. he said this is to bloomberg news. it's a terribly blunt, clumsy instrument to try to use. it's not a good weapon for anything except destroying our own credit rating. so i understand your views about spending, and we can continue on that. but just as a matter of how you try to force those spending cuts, you heard the president. he said he will not negotiate over increasing the debt ceiling. you're saying despite whatever the business community thinks, you may have to push it to the brink once again. >> what we're seeing here is the problem, the biggest problem confronting the country, is our excessive spending. if we're not going to deal with it now, when are we going to deal with it? we have watched the government explode over the last four years. we've dealt with the revenue issue. now the question is, will the president lead? you know, why should we have to be bringing him to
. so the whole debt ceiling thing itself is a crazy thing and forces the president to do something illegal. either to defy congress on what it told him to spend or defy them on borrowing and told him not to and have the weird loophole which everyone agrees is crazy. but is a loophole that says that the secretary of the treasury can mint a coin for any amount which is supposed to be for commemorative pieces but does avoid -- does offer a way to bypass this and all that's really doing is the way to bypass the debt ceiling. it isn't even printing money but saying, hey, we're going to say that we minted the coin. you don't even have to mint the thing, just say you did, right? >> well, you would have to but -- nobody ever has to see it. say we did it and the federal reserve says, okay, you now have a $1 trillion bank account which we will, when you withdraw funds from that, we will sell off some of our government bonds which is just a way of borrowing through the back door but it gets you past the craziness of the debt ceiling. >> that's not going to happen, and ben bernanke weighed in
in this -- in these debates, not the debt ceiling debate, not the fiscal debate. a couple of weeks ago, right after nancy pelosi came out and said that she would back something similar to what obama was backing, the chained cpi scenario for social security, which would have reduced payments for future beneficiaries -- we have been watching week by week. suddenly, you were not quite as vocal in your opposition to that. is that an indication you would support something like that in the grand bargain you are looking for? >> first, i have deeper spec for nancy pelosi, our leader in the house. she has -- deep respect for nancy pelosi, our leader in the house. she has worked hard on issues like climate change. the entire issue of trying to get the in dash -- get the economy going -- she is trying to move us forward. in working with the president, she was trying to help us get to a long-term solution, which i have mentioned before. she said she would consider the chain cpi, a cut in benefits for seniors, for veterans, for a lot of people who receive earned benefits. social security has not contributed a dime to
and if the president if they want to can certainly direct the treasury to ignore the debt ceiling and then basically say go ahead and sue me and see if anybody does and go to the core process and i don't think that's something the president wants to do that he doesn't want to evoke this 14th amendment and that's the shorthand used for it and i think what's fascinating here and you have members of congress, ceding their institutional authority given that congress is more popular these days and i think there's probably some sort of middle ground that can be found with mitch mcconnell and it's been a big fan of this idea and it gives the president the authority to raise the debt limit with the disapproval and my guess is that that's the back-up plan whenever anyone backs themselves into the corner. >> president obama refuses to negotiate with the speaker about the debt ceiling and what happens? what happens? what are the consequences, anding up, and the fiscal cliff. >> the president will not negotiate over the debt limit as such. i do think there's room for negotiation in that statement and the presid
about the dynamic you tried to pin the president down on the debt ceiling. tell us what your take-away is from all of this. >> i would sum it in two words. frustration and resignation. i want to point something out here. jay carney tweeted out one specific quotes, and i think it's telling what you tweeted out. he said if congressional republicans refuse to pay america's bills on time, social security checks and veterans benefits will be delayed. so -- that seem to be the point of this press conference when it comes to debt ceiling is that the burden is on the republicans to raise it, period. he won't negotiate. now, what i was trying to pin him down on was this idea of you say you're not going to negotiate, but don't you need a plan b then. if you're not going to negotiate, then go somewhere else, and his plan b seems to think, b, the republicans don't do it, then we're not going to pay our bills. that that's going to happen, and, yet, then he would -- it was interesting. i don't know if it's an opening or adair. we'll let others sort of interpret this. he said, of course, if hous
about a preview of coming attractions and the fights ahead, including the debt ceiling that was so bitterly contested back in the summer of 2011. here is something you said in august of 2011 that i wan t
-- >> he's raiding, he's raiding. >> he's reinvestments right now to stave off default of the debt ceiling. >> greta: today has there been any discussions that you know of between the white house and capitol hill what to do about the debt ceiling or sequestration by the principals? >> not that i know of. right now we're seeing posturing that happens, republicans are saying that there has to be an equal number of spending cuts for every dollar the debt ceiling is raised and the white house making it clear their position, they're quote not going to negotiate on the death ceiling or held hostage. we're kind of at a stand still. >> greta: and i know you're reporter and comment, the idea that we're going to go broke in weeks, and no more money under stones and downgraded, and not able to meet our obligation, internationally and fact that the principals aren't talking and posturing is appalling. and any plans to, timothy geithner is going to be leaving before this is resolved as secretary? >> looks that way, looks like very soon to be an announcement, jack lew chief of staff to president obama w
the problem. >> you heard the president, he said he will not negotiate over increasing the debt ceiling. you're saying despite whatever the business community thinks, you may have to push it to the brink once again? >> well, what we're saying here is the problem, the biggest problem confronting the country is our excessive spending. >> and even house speaker john boehner conceded in a recent interview with "the wall street journal," that the debt is one point of leverage but not the ultimate leverage. joining me now, ryan grim, it sounds to me, ryan like the republicans are listening to the president who has very simply been saying i will not negotiate with you over this. and they realize he means it. >> they do realize it -- that he means it. and they're also listening to the business class, which is saying look, enough of this. look what happened last time we went through this. and newt gingrich, you know, the rare voice of reason in the wilderness here said it eloqu t eloquentle, look, you're going the embarrass yourself, the entire fight is going to come to washington, everybody is goin
their debt orson do something. thank you. -- dead horse and do something. thank you. >> tomorrow, gretchen morgenson talks about mortgage lending. steve bell talks about the debt ceiling. then, the mission and scope of the bureau of all, tobacco, firearms, explosives. "washington journal," live at 7:00 a.m. eastern on c-span. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2013] >> next, "q&a." then, david -- david cameron takes questions at the house of commons. then a discussion on the guantanamo detention facility. >> the fundamental idea here is if you spend time in silicon valley, if you spend time in detroit, where the automobile industry is being rebuilt, if you spent time outside the beltway, you see that america has the potential to generate abundance for its own citizens and for the world. you spend time only inside the beltway, it looks like a zero sum game. it looks like a lose-lose. who will lose the most is the gist is the -- gist of the negotiation. water the lessons of the technology sector? what are the lessons tha
increasing the debt ceiling, what would be for the 50th some odd time since world war ii? >> i think we have to do something drastic. just extending the credit card of the united states, past all reasonable levels, is not working. >> that's what i asked, doing something as drastic -- >> might take something drastic. >> neil: would youd advocate that? >> shut down the government to get people to stop spending, that dire, i say we have to stop pending. >> neil: thank you very much. maybe things are not this bad and we're not fixing things because the media says there's nothing to fix. just look at this. first time jobless claims higher, and this from the "associated press." more evidence of an economy that has grown increasingly stable. comes on the heels of this. obama scores another victory. hiring continues. 7.8%, a victory, increasingly stable? the media says w a problem at all. tucker, i mean, can't make this stuff up. >> to put it in some perspective, the president was elected the first time in 2008 because we were in a major economic crisis. of course headed into the recession, no end i
, not debt ceiling debate. >> long term discussions on social security can be on there yes. >> a couple weeks right -- >> right after nancy pelosi came out and said she would back something similar to what obama was backing which is a chained cpi to reduce payments and suddenly you weren't quite as vocal. we've been watching you and you weren't quite so vocal in your opposition to that. is that an indication that you would support something like that as part of the grand bargain? >> first i have deep respect for our leader nancy pelosi in the house. she has done remarkable things. she's allowed us to move forward on some of the biggest project this is country has before us. health care, affordable for all americans. climate change issues. the entire issue of trying to get the economy going when we were in the deppth of this great recession. so i have deep respect she was working with the president was trying to help us get to a long term solution, which i mentioned before. she said that she would consider the chained cpi which is a cut in benefits for seniors, for veterans, for a lot of folks
with immigration, it has to deal with what one hopes gun issues, with the debt ceiling, they are their band is not broad enough for them to undertake another major examination of something where they will say, hey we just did that. let's see how it plays out. you also don't have a consensus right now. truth be told, i don't think the votes are there to revisit these issues. you have a republican block that wouldn't go for anything stronger and a lot of democrats that wouldn't be there. i don't think we will get new legislation. we may get rule making but another legislative effort i don't think that will happen. >> the think about the sec, something that has come out recentlied, the sec has asked for corporations to release how -- what their political activities are. >> it's funny, i have been calling on shareholders to make the same demand of corporations for many years. one of the things, in the last moment here, i think ownership trumps regulation. we own these through our pension funds, the endowments universally have shares, mutual funds which we invest
john boehner will raise the debt ceiling without commensurate spending cuts. he's way too far out on a limb on that prospect. so it's going to be one of these huge battles its going to be something where one side has to blink first or the issues have to kind of meld together in a way that speaker boehner or president obama has a fig leaf in order to get this done. >> woodruff: jake, what about the president's argument today? he said this several times. he said this is not about we're doing the debt ceiling in order to authorize more spending. he said it is about congress paying off the bills that it's already incurred. >> that argument is the same one that white house used in 2011. it didn't sit well with house republicans then. they've been saying for years whatever the reality is at the white house and whatever the president tries to say they've been saying for years that the nation has a spending problem not a taxation problem. it's very difficult for them to reverse that. they see this as the popular option. one of their internal polls showed that 74% of americans believe in s
. but wishful thinking isn't going to make it happen. politicians can use the debt ceiling as a hostage. just like they attempted to use the fiscal cliff in an attempt get something done. something they haven't been able to do using the normal democratic process, because the system is broken. it puts off dealing with the massive mandatory spending cuts until march 1. republicans fully sbhe y intend the debt ceiling to extract concessions from democrats on spending. targeting things like social security and medicare. democrats will stand in their way, the u.s. will find itself at another dead-end just like 2011. threatened to shut down the government and possibly result in a credit rating downgrade again. >>> but outside washington, the road to america's prosperity looks brighter. foreclosures are down, home sales and housing prices are up. the s&p 500, you may have something like this in your 401(k), it hit a five-year high this week. and a rebound in domestic energy production and manufacturing could lead to a true economic renaissance in america. according to the latest forecast, u.s. oil i
. everybody is buzzing about the president's speech this morning, referring to the debt ceiling and america. we're not deadbeats. do you think anything was accomplishes at all or just more of the same? >> he accomplished something. he changed his tone a bit. he acknowledged that congress has a constitutional power and authority over the purse strngs. i think it was really remarkable to hear the president actually admit that congress had a right to its view, its opinions and its votes. that is big. the second thing in it all he made it very clear that anyone who disagrees with him lacks common sense and good judgment. he think anyone who is for guns is obviously not common senseal or prud don't or as -- prudent or enlightened as he. he acknowledged in his tone knows he will get his butt kicked in the political battle over guns the fact is, this media coalition that has been formed to drive the assault on the second amendment, the media, is not going to be strong enough to do get that done. it lacks the political wherewithal to --. melissa: you think he realizes that? >> i think he is getting
'm doing the show in a hazmat suit so i don't get sick from bill. we are approaching the debt ceiling. do you think that congress can actually work together to get something done or is there another idea to avoided debt default? we're joined by "huffington post" reporter jennifer bendery. good morning. how are you? >> good morning. i'm good. >> peter: thanks for getting up and doing this with us. >> sure, sure, anything for bill. >> peter: for those who don't know, what the hell is the trillion dollar coin? what's this idea being floated around because when i first read it, i thought it was a joke. it turns out it's not. >> i thought the same thing. i thought it was a joke. it is kind of a joke but it turns out it has legal standing. the idea is pretty simple. essentially, if we -- if congress is unable to come up with a way to avoided hitting the debt ceiling, the idea is that basically we could mint a trillion dollar coin and give it to treasury and they could tuesday to pay off our -- to cover our debt obligations and then we wouldn't need to worry about the debt ceiling anymore. it so
over the debt ceiling and expressed support for new gun control measures. reaction from both sides coming just ahead. plus, lance armstrong with a change of heart, he says or something. now, we're told he has apologized, reports of tears and admission of some kind to oprah winfrey. we're got all the details. new study says more americans are working well past retirement. it says, i wonder why, but that is all ahead unless breaking news changes everything. >> first at 3:00 in new york city. president obama is warning that a political deadlock over the nation's debt ceiling could damage the u.s. economy and beyond. it's estimated without the deal the government could run out of money to pail its bills as early as mid-february. the president said the idea of refusing to raise the debt ceiling is irresponsible and absurd. >> republicans in congress have two choices here. they can act responsibly and pay america's bills are act irresponsibly and put america through another economic crisis. but they will not collect a ransom for not crashing the american economy. >> shep: they say they w
the wrong bit game. that is the only time that you have leverage. if you don't raise the debt ceiling right away, it's not defaulting on their loans. the treasury secretary can cut other spending. it is basically a government shutdown. republicans have lost that in the past. but i think unless there is something that the president has to lose, you don't have any leverage in the spending cuts. gerri: you know, the far left and far right will think that that -- well, the different analyses of what happened. they think will lives lost in the last debate what do you make of that? the republicans were in a much weaker bargaining position. what speaker boehner was doing anything that taxes went up at midnight on december 31. he actually got a tax cut compared where would've been. everybody else was going to get higher income taxes and they didn't. in this case from the president keeps more than what speaker boehner caved. the. gerri: you make a good point. i wanted to respond one more thing, which i found interesting. steve moore of "the wall street journal" said we had heard that i'm not going t
Search Results 65 to 101 of about 133 (some duplicates have been removed)